EZJ vs. EW
Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and Edwards Lifesciences Corporation (EW).
EZJ is a passively managed fund by ProShares that tracks the performance of the MSCI Japan Index (200%). It was launched on Jun 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EZJ or EW.
Key characteristics
| EZJ | EW | |
|---|---|---|
| YTD Return | 9.84% | -11.44% |
| 1Y Return | 12.02% | -7.52% |
| 3Y Return (Ann) | -9.21% | -17.35% |
| 5Y Return (Ann) | 3.05% | -1.61% |
| 10Y Return (Ann) | 4.63% | 14.60% |
| Sharpe Ratio | 0.38 | -0.18 |
| Daily Std Dev | 34.74% | 42.13% |
| Max Drawdown | -58.63% | -54.32% |
| Current Drawdown | -26.61% | -48.32% |
Correlation
The correlation between EZJ and EW is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EZJ vs. EW - Performance Comparison
In the year-to-date period, EZJ achieves a 9.84% return, which is significantly higher than EW's -11.44% return. Over the past 10 years, EZJ has underperformed EW with an annualized return of 4.63%, while EW has yielded a comparatively higher 14.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
EZJ vs. EW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and Edwards Lifesciences Corporation (EW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
EZJ vs. EW - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.73%, while EW has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.73% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
EW Edwards Lifesciences Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EZJ vs. EW - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, which is greater than EW's maximum drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for EZJ and EW. For additional features, visit the drawdowns tool.
Volatility
EZJ vs. EW - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) has a higher volatility of 12.20% compared to Edwards Lifesciences Corporation (EW) at 8.53%. This indicates that EZJ's price experiences larger fluctuations and is considered to be riskier than EW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.